your daily dose of economic commentary
An argument that rising debt levels and collapsing consumer credit indicate an impending recession, challenging perceptions of economic growth.
Menzie Chinn analyzes the impact of sanctions, tariffs, and political factors on central bank reserve holdings of currencies and gold from 1999 to 2022.
Miles Kimball proposes a public contribution program to expand the nonprofit sector, arguing it can effectively substitute for government spending while addressing national debt concerns.
The post discusses Powell's upcoming speech at Jackson Hole, focusing on the Fed's monetary policy framework review amid challenges of inflation and employment.
Menzie Chinn discusses EJ Antoni's views on inflation and their potential implications for tax thresholds and economic measurements.
Timothy Taylor discusses the legal and historical basis for the Federal Reserve's independence from political influence, emphasizing its importance for effective monetary policy.
Container traffic data reveals an increase in imports and a decrease in exports at LA ports, indicating trends in trade activity and seasonal patterns.
The post discusses Bowen Yang's childhood experiences with pop culture and his rise to fame as an Emmy-nominated cast member of a popular sketch show.
Bill McBride discusses the July housing market trends in Houston, highlighting increased home sales and record-high inventory leading to price declines.
The post analyzes Texas redistricting's impact on Democratic representation, highlighting potential seat losses and the political strategies behind the Republican-led map changes.
Maddy Lauria reports that Newsmax will pay $67 million to Dominion Voting Systems related to its 2020 election coverage.
An argument that AI's growth is constrained by physical resource limitations, particularly electricity demand, and the political challenges surrounding renewable energy development.
Jadrian Wooten explains how high interest rates and compounding interest on student loans can lead to increasing balances despite making large monthly payments.
The author shares experiences of moving to Brookline, settling in with a roommate, and exploring the local area while reflecting on personal anecdotes and social interactions.
Bill McBride discusses the NAHB's report on declining builder confidence in the housing market, highlighting ongoing challenges like affordability and regulatory issues.
An argument that the U.S. and China have paused their rivalry to address domestic issues, influenced by political shifts and economic challenges in both nations.
Robert Vienneau critiques N. Gregory Mankiw's textbook for its incoherence and confusion regarding capital and economic theories, highlighting significant flaws in mainstream economics.
Bill McBride discusses the slight week-over-week increase in housing inventory and its comparison to previous years, highlighting trends and data analysis.
Innovations in medical technology, including a cancer vaccine and Alzheimer’s blood test, are highlighted as key drivers of economic growth in healthcare.
An argument that the relationship between Producer Price Index and Consumer Price Index is complex, with mixed evidence on predictive power and implications for inflation forecasting.